Meanwhile, individual investors make up 30% of the companys shareholders. As you can see, institutional investors have a fair amount of stake in Seplat Petroleum Development. But he expressed confidence that the company would do better going forward for many reasons, one of which is Seplat being listed on the London Stock Exchange and its activities will be scrutinized publicly, unlike on the Nigerian Exchange where companies may get away with unethical practices. One share of SEPL stock can currently be purchased for approximately GBX 105.40. Additionally, the company's CEO Roger Brown directly holds 0.6% of the total shares outstanding. Cash generated from operations was also robust at $139.9 million even though it is 21.7% lower when compared to the period. Seplat Petroleum Development Company Is this your company? -, Ashoka WhiteOak holds IPO; Fox Marble agrees takeover, Naked Wines optimistic; Hotel Chocolat warns on sales, Visa, Work And Residence Permit In Nigeria- A Cursory Look At The SEPLAT Energy CEO'S Experience, Other Oil & Gas Exploration and Production, Sector Other Oil & Gas Exploration and Production, NEIMETH INTERNATIONAL PHARMACEUTICALS PLC, Chief Executive Officer & Executive Director, Chief Financial Officer & Executive Director, Chief Operating Officer & Executive Director, Senior Independent Non-Executive Director. Liquidity and Debt Structure. According to the Bloomberg report cited, Seplat made payments to 18 companies associated with its founders, Austin Avuru and ABC Orjiako for services rendered. Net sales break down by The company earns 62.41 million in net income (profit) each year or GBX 0.09 on an earnings per share basis. Our data reflects individual insiders, capturing board members at the very least. Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. Post was not sent - check your email addresses! In line with its core mandate of investor protection, the Commission has sought and obtained explanations from Seplat through its Board of Directors and from the NGX,the primary exchange on which it is listed. A minority shareholder told Nairametrics that it is a matter of concern that the company spent over $450 million on goods and services provided by companies linked to its founders between 2010 and 2021. At the same time, Seplat filed a suit with No FHC/ABJ/CS/386/2023, at the Federal High Court Abuja, on March 21, 2023, accusing Dr. Orjiako of acting unilaterally when he communicated with the Federal Government over a business transaction worth over $300 million, allegedly without the consent of the companys Board of Directors. Owner Type Number of Shares Ownership Percentage; Individual Insiders: 17,039,930: 2.9%: Hedge Funds: 52,544,527: 9.0%: Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. SEC TOWERS, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District P.M.B:315, Garki, Abuja +234 (0) 94621100; +234 (0) 94621168 Email: sec@sec.gov.ng. Have feedback on this article? Concerned about the content? Private companies may also have a strategic interest in the company. (function () { A 30-year-old man is under police guard in hospital accused of stabbing a senior-constable who had been investigating reports of a disturbance.The incident unfolded on the street outside an address at Rothwell, north of Brisbane, just before 9. However, on some occasions too much power is concentrated within this group. Tesla Continues to Defy Expectations, Is it Buyable Again? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Meanwhile, the company will embark on a recruitment process to select a new Board Chairman and establish a new level of corporate governance as the company works to resolve all pending legal issues as well as its acquisition of MPNU assets. These include the orders that restrained the companys CEO Roger Brown from participating in the running of the Company. The AFL admits its umpires erred in not awarding Nathan Murphy a free kick after he was clattered by Adelaide's Darcy Fogarty while failing to enforce the blood rule.Murphy was positioned under a high ball in the last quarter of the Magpies' thrilling win on Saturday when Fogarty crashed into him, front-on. Meanwhile, On July 11, 2022, Seplat announced that the Nigerian National Petroleum Company Limited (NNPCL) had initiated legal action in the State High Court of the Federal Capital Territory in Abuja. Based on aggregate information from My MarketBeat watchlists, some companies that other Seplat Energy investors own include Alphabet (GOOG), Brookdale Senior Living (BKD), CenterPoint Energy (CNP), American Cannabis (AMMJ), Novus Therapeutics (NVUS), NextEra Energy (NEE), GSK (GSK), AFR.L (AFR), Cellectis (CLLS) and N Brown Group (BWNG). WebCompany profile for SEPLAT Energy PLC including key executives, insider trading, ownership, revenue and average growth rates. The company employs 528 workers across the globe. The Group also holds a 20.46% stake in Seplat, one of Nigerias main operators that is listed on the stock exchanges of London and Lagos. WebOver the last few years, Seplat Energy has successfully grown its business and created significant shareholder value despite the challenges confronting us in our operating environment. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Seplat Petroleum Development is not owned by hedge funds. Institutional investors commonly compare their own returns to the returns of a commonly followed index. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? WebCurrently, Roger Thompson Brown is Chief Executive Officer & Executive Director at Seplat Energy Plc. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. However, the Commission encourages the Board to continue effective dialogue with all stakeholders in dealing with the issues. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Meanwhile, ABC Orjiako responded by denying any wrongdoing in the letter he initiated to the Federal Government to facilitate the consummation of the lingering $1.3 million MPNU deal, saying he acted within the scope of his mandate for the benefit of the company. Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. WebSEPLAT Energy PLC (SEPL) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. But to truly gain insight, we need to consider other information, too. As he prepares for an audience with King Charles, self-described republican Chris Hipkins has ruled out New Zealand becoming a republic during his prime ministership.Mr Hipkins heads to the United Kingdom on Monday night for a five-day visit including leading New Zealand's delegation at the King's Coronation. I find it very interesting to look at who exactly owns a company. Join the In other words, these shareholders have a meaningful say in the decisions of the company. Alex de Minaur has been beaten by qualifier Aslan Karatsev in the Madrid Open.19 went down 6-3 4-6 6-4 to the Russian, who is ranked 101 places below him, but is a former top-20 player. Sign-up to receive the latest news and ratings for Seplat Energy and its competitors with MarketBeat's FREE daily newsletter. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. In September 2022, Bloomberg reported that Seplat Energy spent over $450 million on goods and services provided by companies linked to its two founders between 2010 and 2021. This article examines the events that have caused internal crises and legal battles at Seplat, a Nigerian oil and gas company, and discusses the resulting effects on its operations and reputation. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. You can click here to see if those insiders have been buying or selling. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. This risk is higher in a company without a history of growth. 337927). SEPLAT, as an indigenous exploration and production company in Nigeria is committed to the development of the capabilities of Nigerian companies in compliance with the provisos of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 for Nigerian Cement Development. Essendon dasher Sam Durham has been slapped with a one-match ban for a dangerous tackle on Geelong's Mark Blicavs.Durham is the latest player cited under the AFL's crackdown on dangerous tackles, after slinging Blicavs to the MCG turf in the third quarter of Essendon's 28-point loss on Sunday. Payout ratios above 75% are not desirable because they may not be sustainable. To get a sense of who is truly in control of Seplat Energy Plc (LON:SEPL), it is important to understand the ownership structure of the business. We project Seplat to be broadly FCF-neutral in 2021-2025. Join thousands of other investors who make better investing decisions with our premium tools. Concerned about the content? Dilution of Shares: Shareholders have not been meaningfully diluted in the past year. c) Provide evidence of what There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. In its February 25, 2022 acquisition note, Seplat highlighted MPNU assets as a 40% operating ownership of 300 producing wells in 4 oil mining leases (OMLs 67, 68, 70, 104) and associated infrastructure, with NNPC being the 60% partner, the Qua Iboe Terminal, a 51% interest in Bonny River Terminal and Natural Gas Liquids Recovery Plants at EAP and Oso, 409 MMBBL of 2P liquid reserves, and 211 Bscf of 2P gas reserves, with the undeveloped gas potential of 2,910 Bscf. Alternatively, email editorial-team@simplywallst.com. Seplat Energy's stock was trading at GBX 105 at the start of the year. That's interesting, because hedge funds can be quite active and activist. Lagos State, Kano Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. How many employees does Seplat Energy have? Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}0. At first observation, the ownership skirmishes at Seplat closely resemble the case of the two Hebrew women who approached the judgement throne of King Solomon, Case in point: We've spotted 2 warning signs for Seplat Energy you should be aware of. We can report that insiders do own shares in Seplat Energy Plc. This may not be consistent with full year annual report figures. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Read our dividend analysis for SEPL. Comfortable Liquidity: Seplat had USD324 million of unrestricted cash at 31 December 2021. NNPCL requested a declaration that a dispute had arisen between itself and MPNU regarding the interpretation of pre-emption rights under their Joint Operating Agreement (JOA) and asked the court to order NNPC and MPNU to engage in arbitration as required by the JOA. Copyright 2023 Surperformance. WebWhat is the ownership structure of SEPL? View the best growth stocks for 2023 here. Secure and increase the performance of your investments with our team of experts at your side. Fraser McReight concedes he may still be the apprentice but says "master" Michael Hooper might be taking some notes of his own when the flankers clash in Townsville.McReight's Queensland Reds will host the NSW Waratahs on Saturday in a Super Rugby Pacific match of consequence, with the rivals sitting clear in sixth and seventh positions respectively and keen to move away from the chasing pack.
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